Money

By Anna Cooban and Isil Sariyuce, CNN Business Turkey’s annual rate of inflation hit almost 80% in June — its highest level in about two decades. Consumer prices increased by 78.6% last month compared to June 2021, driven by the soaring cost of food and drink and transportation. Food prices have almost doubled in a

By Laura He, CNN Business Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world’s second largest economy. Shanghai-based Shimao Group failed to pay the interest and principal on a $1 billion bond due Sunday, according to a company filing to the Hong

Story by Reuters Indian police made fresh arrests at the weekend over the murder of a Hindu tailor in Rajasthan — a crime that sparked tensions between the Hindu majority and Muslim minority and a clampdown on protests and the internet to prevent them from escalating. Two Muslim men already under arrest for the murder,

By Ramishah Maruf, CNN While TikTok’s short-form videos are entertaining, that’s “just the sheep’s clothing,” a Federal Communications Commission official said, and the app should be removed from app stores because of security issues. But a TikTok executive, in a rare interview on CNN’s “Reliable Sources” on Sunday, claimed there are no security concerns linked

By Paul R. La Monica, CNN Business Forget about an apple (or Apple) a day. Healthcare stocks may help keep the investing doctor away. Shares of Apple have plunged more than 20% this year. The FAANGs of Big Tech and other momentum stocks have been hit hard due to worries about slowing earnings growth and

By Danielle Wiener-Bronner, CNN Business If you hear the word “Activia,” your first thought might be of Jamie Lee Curtis. You may also think of its dated commercials, in which women complain of irregular digestion, and, well, poop. Danone launched Activia, the probiotic yogurt that claims to support gut health, in the United States in

By Allison Morrow, CNN Business All stores have marketing tactics to get you in the door — stylish mannequins, elaborate display windows, posters screaming about all the discounts you can find inside. But some are far more subtle, so much so that chances are you’ve hardly ever noticed them. Picture your local grocery store, for

by Chiara Grimes, CNN Business For the 44 million Spanish-speaking individuals in the United States, opening a bank account can be an intimidating journey with an array of obstacles. Seis, a new bank targeting Spanish-speaking people, is trying to reshape the mobile banking experience to be more inclusive of immigrants. Trevor McKendrick, the company’s founder,

By Nathaniel Meyersohn, CNN Business The baby formula shortage in the United States has left many mothers and families desperately scrambling to feed their infants. The shortage has been made more acute by the low rate of breastfeeding in the country compared to most industrialized nations, health researchers say, which has made the United States